Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
BHP Billiton
Partners drill Boston deposit at Hope Bay in Nunavut
Infill drilling of the Boston deposit in Nunavut by Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) is confirming results obtained by previous owner BHP (BHP-N).The best new result came fro…
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
Kendu kimberlite a dud
A kimberlite discovered by New Blue Ribbon Resources (NBL-V) in northern Alberta has proved barren.None of the 38 drill core samples, which weighed 170 kg in total, yielded any diamonds.Kendu was disc…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Ivanhoe explores South Korea, Myanmar and Mongolia
Standing pat in a region shunned by most is paying off for Ivanhoe Mines (IVN-T).In 1994, when overseas ventures were still fashionable, Ivanhoe (then known as Indochina Goldfields) began amassing an …
Valerie moves into Manitoba
With diamond exploration heating up in Manitoba, Valerie Gold Resources (VLG-V) has joined the fray and optioned a 165-sq.-km property, 35 km east of Gillam.The junior can earn a 100% interest in the …
BHP’s copper strategy aimed at low-cost assets
A US$138-million expansion of the Tintaya copper operations in southern Peru will take production beyond the current 90,000 tonnes per year, rising to 124,000 tonnes in 2002 and 130,000 tonnes in 2004…
Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….